Economic Activity
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Factory orders in U.S. decrease by the most in 5 months
Orders to U.S. factories fell in January by the most in five months, weighed down by a slump in demand for military hardware and commercial aircraft. more
Conn.-based SI Financial Group buying Newport Fed
Newport Bancorp Inc., parent company of Newport Federal Savings Bank, is being bought by SI Financial Group Inc., the parent of Savings Institute Bank and Trust Company, for a combination of stock and cash valued at about $61.3 million. more
| 3/5/13
Corvias opens N.C. headquarters for student housing segment
The Corvias Group has opened a new headquarters in Cary, N.C., for its student housing division Corvias Campus Living, the company announced Tuesday. more
| 3/5/13
BankRI profits jump 35% as parent adds services office, 50 jobs in R.I.
Bank Rhode Island – the local subsidiary of Brookline Bancorp Inc. – saw net income jump 35.5 percent during 2012, according to its year-end report filed with the Federal Deposit Insurance Corporation. more
| 3/5/13
R.I. theaters look to expand business through ‘alliance’
In an alliance of the state’s “brightest theaters,” three performance venues plan to exchange their artistic, technical and management resources in an effort to bolster long-term expansion with the creation of the Rhode Island Theater Alliance. more
Bristol County, Mass. foreclosures drop 87% in January
Bristol County, Mass., foreclosure starts dropped 17.4 percent in January while finished foreclosures plummeted 86.7 percent compared with the first month of 2012, The Warren Group said Monday. more
| 3/5/13
Dow average surges to record as profits stoke 4-year rebound
The Dow Jones Industrial Average rose to its highest level ever, erasing losses from the financial crisis after a four-year rally fueled by the fastest profit growth since the 1990s and monetary stimulus from the Federal Reserve. more
Home prices continue to rise in Providence metro
Single-family home prices in the Providence-Fall River-New Bedford metro area rose 0.6 percent from January 2012 to January 2013, according to CoreLogic’s Home Price Index. more
| 3/5/13
FGX International taps Melo as new CEO
César Melo, a consumer product industry veteran, took over as CEO of eyewear designer and marketer FGX International on Monday, the company announced. more
| 3/4/13
Three national tours to launch at PPAC during ’13-’14 season
Three national tours will launch in Providence during Providence Performing Arts Center’s 2013-2014 season, the theater announced Sunday. more
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